Financials

Nippon Shinyaku: FYE Mar 2026 and ten years of results (42 metrics)

FYE Mar 2026 · Revenue¥171bnYoY +6.6%

FYE Mar 2026 · Operating profit¥35bnYoY +0.1%

FYE Mar 2026 · Net profit¥30bnYoY −8.7%

FYE Mar 2026 · Equity ratio84.1%YoY −2.9pp

FYE Mar 2026 · Group employees2,309YoY +66

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥99bn	n/a	¥15bn	n/a	15.5%	¥12bn	Maekawa Shigenobu	—
FYE Mar 2018Consolidated	¥101bn	+2.7%	¥17bn	+11.8%	16.8%	¥13bn	Maekawa Shigenobu	—
FYE Mar 2019Consolidated	¥115bn	+13.1%	¥21bn	+20.9%	18.0%	¥16bn	Maekawa Shigenobu	—
FYE Mar 2020Consolidated	¥117bn	+1.7%	¥22bn	+5.0%	18.6%	¥17bn	Maekawa Shigenobu	Sixth mid-term plan: rare disease, urology, haematology
FYE Mar 2021Consolidated	¥122bn	+4.5%	¥27bn	+25.5%	22.3%	¥21bn	Maekawa Shigenobu	Viltepso approved by the FDA; NS Pharma sells it directly
FYE Mar 2022Consolidated	¥138bn	+12.8%	¥33bn	+21.1%	24.0%	¥23bn	Maekawa Shigenobu	Subsidiaries established in Beijing and Tianjin
FYE Mar 2023Consolidated	¥144bn	+4.8%	¥30bn	−8.8%	20.8%	¥23bn	Nakai Toru	Moves to the Tokyo Stock Exchange Prime Market
FYE Mar 2024Consolidated	¥148bn	+2.8%	¥33bn	+10.8%	22.5%	¥26bn	Nakai Toru	—
FYE Mar 2025Consolidated	¥160bn	+8.1%	¥35bn	+6.5%	22.1%	¥33bn	Nakai Toru	—
FYE Mar 2026Consolidated	¥171bn	+6.6%	¥35bn	+0.1%	20.8%	¥30bn	Nakai Toru	Record year: revenue <span class="en-history_money" data-yen="160200000000" data-year="2025">$1.1B (¥160bn)</span>

How it compares

Ono Pharmaceutical¥516bnFY2025Operating margin 17.9%Santen Pharmaceutical¥292bnFY2025Operating margin 16.4%

Touwayakuhin¥260bnFY2024Operating margin 9.0%

Sawai Group Holdings¥202bnFY2025Operating margin 7.9%

Tsumura¥193bnFY2025Operating margin 18.3%

Nippon Shinyaku¥171bnFY2025Operating margin 20.8%

Hisamitsu PharmaceuticalDelisted 2026

Asukaseiyakuhorudingusu¥64bnFY2024Operating margin 8.3%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥171bn

CAGR · 10 yrs +6.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	98.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	101	+2.7%	Cons. · Japanese GAAP
FYE Mar 2019	115	+13.1%	Cons. · Japanese GAAP
FYE Mar 2020	117	+1.7%	Cons. · Japanese GAAP
FYE Mar 2021	122	+4.5%	Cons. · Japanese GAAP
FYE Mar 2022	138	moved to IFRS	Cons. · IFRS
FYE Mar 2023	144	+4.8%	Cons. · IFRS
FYE Mar 2024	148	+2.8%	Cons. · IFRS
FYE Mar 2025	160	+8.1%	Cons. · IFRS
FYE Mar 2026	171	+6.6%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥57bn

CAGR · 10 yrs +2.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	44.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.9	+4.7%	Cons. · Japanese GAAP
FYE Mar 2019	51.0	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	53.2	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	49.3	−7.2%	Cons. · Japanese GAAP
FYE Mar 2022	50.2	moved to IFRS	Cons. · IFRS
FYE Mar 2023	56.0	+11.5%	Cons. · IFRS
FYE Mar 2024	50.2	−10.3%	Cons. · IFRS
FYE Mar 2025	51.1	+1.8%	Cons. · IFRS
FYE Mar 2026	57.5	+12.4%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥113bn

CAGR · 10 yrs +8.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	53.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.5	+1.1%	Cons. · Japanese GAAP
FYE Mar 2019	63.8	+17.0%	Cons. · Japanese GAAP
FYE Mar 2020	63.5	−0.4%	Cons. · Japanese GAAP
FYE Mar 2021	72.6	+14.3%	Cons. · Japanese GAAP
FYE Mar 2022	87.3	moved to IFRS	Cons. · IFRS
FYE Mar 2023	88.2	+1.0%	Cons. · IFRS
FYE Mar 2024	98.0	+11.1%	Cons. · IFRS
FYE Mar 2025	109	+11.3%	Cons. · IFRS
FYE Mar 2026	113	+3.8%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥44bn

CAGR · 10 yrs +1.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	38.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.4	−3.2%	Cons. · Japanese GAAP
FYE Mar 2019	43.1	+15.2%	Cons. · Japanese GAAP
FYE Mar 2020	41.8	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	29.4	−29.7%	Cons. · Japanese GAAP
FYE Mar 2022	32.2	moved to IFRS	Cons. · IFRS
FYE Mar 2023	34.8	+8.2%	Cons. · IFRS
FYE Mar 2024	35.0	+0.4%	Cons. · IFRS
FYE Mar 2025	38.0	+8.7%	Cons. · IFRS
FYE Mar 2026	43.6	+14.6%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥35bn

CAGR · 10 yrs +9.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.1	+11.8%	Cons. · Japanese GAAP
FYE Mar 2019	20.6	+20.9%	Cons. · Japanese GAAP
FYE Mar 2020	21.7	+5.0%	Cons. · Japanese GAAP
FYE Mar 2021	27.2	+25.5%	Cons. · Japanese GAAP
FYE Mar 2022	32.9	moved to IFRS	Cons. · IFRS
FYE Mar 2023	30.0	−8.8%	Cons. · IFRS
FYE Mar 2024	33.3	+10.8%	Cons. · IFRS
FYE Mar 2025	35.5	+6.5%	Cons. · IFRS
FYE Mar 2026	35.5	+0.1%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥1.1bn

CAGR · 10 yrs −3.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	−29.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.4	+27.9%	Cons. · Japanese GAAP
FYE Mar 2020	1.6	+11.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	−66.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.5	moved to IFRS	Cons. · IFRS
FYE Mar 2023	0.6	+21.8%	Cons. · IFRS
FYE Mar 2024	0.7	+13.0%	Cons. · IFRS
FYE Mar 2025	0.8	+27.7%	Cons. · IFRS
FYE Mar 2026	1.1	+36.4%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥166m

CAGR · 10 yrs −13.7%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	623	n/a	Cons. · Japanese GAAP
FYE Mar 2018	751	+20.5%	Cons. · Japanese GAAP
FYE Mar 2019	539	−28.2%	Cons. · Japanese GAAP
FYE Mar 2020	824	+52.9%	Cons. · Japanese GAAP
FYE Mar 2021	126	−84.7%	Cons. · Japanese GAAP
FYE Mar 2022	119	moved to IFRS	Cons. · IFRS
FYE Mar 2023	136	+14.3%	Cons. · IFRS
FYE Mar 2024	329	+141.9%	Cons. · IFRS
FYE Mar 2025	145	−55.9%	Cons. · IFRS
FYE Mar 2026	166	+14.5%	Cons. · IFRS

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Ordinary profit keijo rieki

FYE Mar 2026 n/a

CAGR · 5 yrs +13.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	16.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.5	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	21.5	+23.4%	Cons. · Japanese GAAP
FYE Mar 2020	22.4	+4.2%	Cons. · Japanese GAAP
FYE Mar 2021	26.8	+19.2%	Cons. · Japanese GAAP
FYE Mar 2022	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥30bn

CAGR · 10 yrs +10.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.0	+10.2%	Cons. · Japanese GAAP
FYE Mar 2019	16.3	+25.9%	Cons. · Japanese GAAP
FYE Mar 2020	16.9	+3.5%	Cons. · Japanese GAAP
FYE Mar 2021	20.7	+22.7%	Cons. · Japanese GAAP
FYE Mar 2022	23.0	moved to IFRS	Cons. · IFRS
FYE Mar 2023	22.8	−1.0%	Cons. · IFRS
FYE Mar 2024	25.9	+13.3%	Cons. · IFRS
FYE Mar 2025	32.6	+25.9%	Cons. · IFRS
FYE Mar 2026	29.7	−8.7%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Mar 2026 66.4%

Average · 10 yrs 60.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	54.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	53.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	55.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	54.4	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	59.5	+5.1pp	Cons. · Japanese GAAP
FYE Mar 2022	63.5	moved to IFRS	Cons. · IFRS
FYE Mar 2023	61.2	−2.3pp	Cons. · IFRS
FYE Mar 2024	66.1	+4.9pp	Cons. · IFRS
FYE Mar 2025	68.1	+2.0pp	Cons. · IFRS
FYE Mar 2026	66.4	−1.7pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 20.8%

Average · 10 yrs 20.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	18.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	18.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	22.3	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	24.0	moved to IFRS	Cons. · IFRS
FYE Mar 2023	20.8	−3.1pp	Cons. · IFRS
FYE Mar 2024	22.5	+1.6pp	Cons. · IFRS
FYE Mar 2025	22.1	−0.3pp	Cons. · IFRS
FYE Mar 2026	20.8	−1.3pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Mar 2026 n/a

Average · 5 yrs 18.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	18.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	19.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	22.0	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 17.4%

Average · 10 yrs 15.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	11.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	14.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	14.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	17.0	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2022	16.8	moved to IFRS	Cons. · IFRS
FYE Mar 2023	15.8	−0.9pp	Cons. · IFRS
FYE Mar 2024	17.4	+1.6pp	Cons. · IFRS
FYE Mar 2025	20.3	+2.9pp	Cons. · IFRS
FYE Mar 2026	17.4	−2.9pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 33.6%

Average · 10 yrs 39.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	45.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	44.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	45.6	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	40.5	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2022	36.5	moved to IFRS	Cons. · IFRS
FYE Mar 2023	38.8	+2.3pp	Cons. · IFRS
FYE Mar 2024	33.9	−4.9pp	Cons. · IFRS
FYE Mar 2025	31.9	−2.0pp	Cons. · IFRS
FYE Mar 2026	33.6	+1.7pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 25.5%

Average · 10 yrs 29.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	39.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.9	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	37.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	35.8	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2021	24.1	−11.7pp	Cons. · Japanese GAAP
FYE Mar 2022	23.4	moved to IFRS	Cons. · IFRS
FYE Mar 2023	24.1	+0.8pp	Cons. · IFRS
FYE Mar 2024	23.6	−0.6pp	Cons. · IFRS
FYE Mar 2025	23.7	+0.1pp	Cons. · IFRS
FYE Mar 2026	25.5	+1.8pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio

Total assets

FYE Mar 2026 ¥346bn

CAGR · 10 yrs +9.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	151	n/a	Cons. · Japanese GAAP
FYE Mar 2018	156	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	169	+8.3%	Cons. · Japanese GAAP
FYE Mar 2020	175	+3.7%	Cons. · Japanese GAAP
FYE Mar 2021	197	+12.6%	Cons. · Japanese GAAP
FYE Mar 2022	210	moved to IFRS	Cons. · IFRS
FYE Mar 2023	237	+13.0%	Cons. · IFRS
FYE Mar 2024	263	+10.9%	Cons. · IFRS
FYE Mar 2025	284	+7.7%	Cons. · IFRS
FYE Mar 2026	346	+22.1%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥291bn

CAGR · 10 yrs +11.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	114	n/a	Cons. · Japanese GAAP
FYE Mar 2018	125	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	135	+7.6%	Cons. · Japanese GAAP
FYE Mar 2020	145	+7.8%	Cons. · Japanese GAAP
FYE Mar 2021	162	+11.5%	Cons. · Japanese GAAP
FYE Mar 2022	176	moved to IFRS	Cons. · IFRS
FYE Mar 2023	195	+10.7%	Cons. · IFRS
FYE Mar 2024	220	+12.6%	Cons. · IFRS
FYE Mar 2025	247	+12.2%	Cons. · IFRS
FYE Mar 2026	291	+18.0%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥48bn

CAGR · 10 yrs +66.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−2.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.4	−14.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.5	+32.5%	Cons. · Japanese GAAP
FYE Mar 2021	9.8	+1700.9%	Cons. · Japanese GAAP
FYE Mar 2022	14.1	moved to IFRS	Cons. · IFRS
FYE Mar 2023	17.2	+22.1%	Cons. · IFRS
FYE Mar 2024	25.1	+46.4%	Cons. · IFRS
FYE Mar 2025	48.3	+92.3%	Cons. · IFRS
FYE Mar 2026	48.2	−0.2%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 84.1%

Average · 10 yrs 82.2%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	75.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	80.5	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2019	80.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	83.1	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2021	82.4	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	84.0	moved to IFRS	Cons. · IFRS
FYE Mar 2023	82.3	−1.8pp	Cons. · IFRS
FYE Mar 2024	83.5	+1.2pp	Cons. · IFRS
FYE Mar 2025	87.0	+3.5pp	Cons. · IFRS
FYE Mar 2026	84.1	−2.9pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 10.2%

Average · 10 yrs 11.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	12.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	11.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	12.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	13.1	moved to IFRS	Cons. · IFRS
FYE Mar 2023	11.7	−1.4pp	Cons. · IFRS
FYE Mar 2024	11.8	+0.1pp	Cons. · IFRS
FYE Mar 2025	13.2	+1.4pp	Cons. · IFRS
FYE Mar 2026	10.2	−3.0pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Mar 2026 8.6%

Average · 10 yrs 9.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	9.7	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	9.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	10.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	11.0	moved to IFRS	Cons. · IFRS
FYE Mar 2023	9.6	−1.4pp	Cons. · IFRS
FYE Mar 2024	9.8	+0.2pp	Cons. · IFRS
FYE Mar 2025	11.5	+1.7pp	Cons. · IFRS
FYE Mar 2026	8.6	−2.9pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.49×

CAGR · 10 yrs −3.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.65	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.65	−0.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.68	+4.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.67	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.62	−7.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.65	moved to IFRS	Cons. · IFRS
FYE Mar 2023	0.61	−7.3%	Cons. · IFRS
FYE Mar 2024	0.56	−7.3%	Cons. · IFRS
FYE Mar 2025	0.56	+0.4%	Cons. · IFRS
FYE Mar 2026	0.49	−12.7%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents

Operating cash flow

FYE Mar 2026 ¥27bn

CAGR · 10 yrs +4.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	18.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.7	−64.5%	Cons. · Japanese GAAP
FYE Mar 2019	15.3	+127.9%	Cons. · Japanese GAAP
FYE Mar 2020	12.7	−16.8%	Cons. · Japanese GAAP
FYE Mar 2021	21.4	+67.9%	Cons. · Japanese GAAP
FYE Mar 2022	16.0	moved to IFRS	Cons. · IFRS
FYE Mar 2023	26.2	+63.4%	Cons. · IFRS
FYE Mar 2024	16.3	−37.8%	Cons. · IFRS
FYE Mar 2025	36.1	+121.8%	Cons. · IFRS
FYE Mar 2026	27.2	−24.6%	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Mar 2026 ¥2.0bn

Average · 10 yrs -¥8.1bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-2.3	−557.7%	Cons. · Japanese GAAP
FYE Mar 2021	-1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-6.4	moved to IFRS	Cons. · IFRS
FYE Mar 2023	-17.6	n/a	Cons. · IFRS
FYE Mar 2024	-9.9	n/a	Cons. · IFRS
FYE Mar 2025	-28.9	n/a	Cons. · IFRS
FYE Mar 2026	2.0	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥9.9bn

Average · 10 yrs -¥6.8bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-6.8	moved to IFRS	Cons. · IFRS
FYE Mar 2023	-9.6	n/a	Cons. · IFRS
FYE Mar 2024	-9.7	n/a	Cons. · IFRS
FYE Mar 2025	-9.9	n/a	Cons. · IFRS
FYE Mar 2026	-9.9	n/a	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥77bn

CAGR · 10 yrs +8.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	35.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.5	−23.4%	Cons. · Japanese GAAP
FYE Mar 2019	39.6	+44.1%	Cons. · Japanese GAAP
FYE Mar 2020	44.3	+11.8%	Cons. · Japanese GAAP
FYE Mar 2021	57.9	+30.7%	Cons. · Japanese GAAP
FYE Mar 2022	60.6	moved to IFRS	Cons. · IFRS
FYE Mar 2023	60.0	−0.9%	Cons. · IFRS
FYE Mar 2024	58.1	−3.3%	Cons. · IFRS
FYE Mar 2025	55.2	−4.9%	Cons. · IFRS
FYE Mar 2026	76.6	+38.7%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 ¥29bn

CAGR · 10 yrs +9.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-4.6	−135.1%	Cons. · Japanese GAAP
FYE Mar 2019	15.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	10.4	−34.3%	Cons. · Japanese GAAP
FYE Mar 2021	19.8	+90.7%	Cons. · Japanese GAAP
FYE Mar 2022	9.7	moved to IFRS	Cons. · IFRS
FYE Mar 2023	8.5	−11.6%	Cons. · IFRS
FYE Mar 2024	6.4	−25.4%	Cons. · IFRS
FYE Mar 2025	7.2	+13.8%	Cons. · IFRS
FYE Mar 2026	29.2	+302.9%	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 15.9%

Average · 10 yrs 14.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	19.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.6	−12.5pp	Cons. · Japanese GAAP
FYE Mar 2019	13.3	+6.7pp	Cons. · Japanese GAAP
FYE Mar 2020	10.9	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	17.5	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2022	11.6	moved to IFRS	Cons. · IFRS
FYE Mar 2023	18.2	+6.5pp	Cons. · IFRS
FYE Mar 2024	11.0	−7.2pp	Cons. · IFRS
FYE Mar 2025	22.5	+11.6pp	Cons. · IFRS
FYE Mar 2026	15.9	−6.6pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥359bn

Change · 10 yrs −¥39bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	398	n/a
FYE Mar 2018	500	n/a
FYE Mar 2019	566	n/a
FYE Mar 2020	596	n/a
FYE Mar 2021	579	n/a
FYE Mar 2022	586	n/a
FYE Mar 2023	409	n/a
FYE Mar 2024	313	n/a
FYE Mar 2025	268	n/a
FYE Mar 2026	359	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 5,116¥

Change · 10 yrs −553¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	5,669	n/a
FYE Mar 2018	7,115	n/a
FYE Mar 2019	8,060	n/a
FYE Mar 2020	8,489	n/a
FYE Mar 2021	8,239	n/a
FYE Mar 2022	8,347	n/a
FYE Mar 2023	5,826	n/a
FYE Mar 2024	4,452	n/a
FYE Mar 2025	3,819	n/a
FYE Mar 2026	5,116	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 70,251,484shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	70,251,484	Parent
FYE Mar 2018	70,251,484	Parent
FYE Mar 2019	70,251,484	Parent
FYE Mar 2020	70,251,484	Parent
FYE Mar 2021	70,251,484	Parent
FYE Mar 2022	70,251,484	Parent
FYE Mar 2023	70,251,484	Parent
FYE Mar 2024	70,251,484	Parent
FYE Mar 2025	70,251,484	Parent
FYE Mar 2026	70,251,484	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 441.00¥

Change · 10 yrs +266.58¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	174.42	Cons.
FYE Mar 2018	192.31	Cons.
FYE Mar 2019	242.04	Cons.
FYE Mar 2020	250.42	Cons.
FYE Mar 2021	290.12	Cons.
FYE Mar 2022	370.97	Cons.
FYE Mar 2023	338.70	Cons.
FYE Mar 2024	383.82	Cons.
FYE Mar 2025	483.40	Cons.
FYE Mar 2026	441.00	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 4,145.56¥

Change · 10 yrs +2,521.54¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,624.02	Cons. · Japanese GAAP
FYE Mar 2018	1,785.76	Cons. · Japanese GAAP
FYE Mar 2019	1,920.77	Cons. · Japanese GAAP
FYE Mar 2020	2,071.00	Cons. · Japanese GAAP
FYE Mar 2021	2,309.63	Cons. · Japanese GAAP
FYE Mar 2022	2,511.93	Cons. · IFRS
FYE Mar 2023	2,780.27	Cons. · IFRS
FYE Mar 2024	3,130.38	Cons. · IFRS
FYE Mar 2025	3,511.90	Cons. · IFRS
FYE Mar 2026	4,145.56	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 11.60×

Average · 10 yrs 23.59×

Fiscal year	PER ×	Basis
FYE Mar 2017	32.50	Cons.
FYE Mar 2018	37.00	Cons.
FYE Mar 2019	33.30	Cons.
FYE Mar 2020	33.90	Cons.
FYE Mar 2021	28.40	Cons.
FYE Mar 2022	22.50	Cons.
FYE Mar 2023	17.20	Cons.
FYE Mar 2024	11.60	Cons.
FYE Mar 2025	7.90	Cons.
FYE Mar 2026	11.60	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.18×

Average · 10 yrs 2.72×

Fiscal year	PBR ×	Basis
FYE Mar 2017	3.35	Cons.
FYE Mar 2018	3.82	Cons.
FYE Mar 2019	4.02	Cons.
FYE Mar 2020	3.90	Cons.
FYE Mar 2021	3.40	Cons.
FYE Mar 2022	3.11	Cons.
FYE Mar 2023	2.01	Cons.
FYE Mar 2024	1.36	Cons.
FYE Mar 2025	1.04	Cons.
FYE Mar 2026	1.18	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 2,309people

Change · 10 yrs +411 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	1,898	n/a	Cons.
FYE Mar 2018	1,928	+1.6%	Cons.
FYE Mar 2019	1,951	+1.2%	Cons.
FYE Mar 2020	2,026	+3.8%	Cons.
FYE Mar 2021	2,059	+1.6%	Cons.
FYE Mar 2022	2,125	+3.2%	Cons.
FYE Mar 2023	2,186	+2.9%	Cons.
FYE Mar 2024	2,213	+1.2%	Cons.
FYE Mar 2025	2,243	+1.4%	Cons.
FYE Mar 2026	2,309	+2.9%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 1,902people

Change · 10 yrs +175 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,727	n/a	Parent
FYE Mar 2018	1,753	+1.5%	Parent
FYE Mar 2019	1,761	+0.5%	Parent
FYE Mar 2020	1,793	+1.8%	Parent
FYE Mar 2021	1,806	+0.7%	Parent
FYE Mar 2022	1,827	+1.2%	Parent
FYE Mar 2023	1,857	+1.6%	Parent
FYE Mar 2024	1,865	+0.4%	Parent
FYE Mar 2025	1,876	+0.6%	Parent
FYE Mar 2026	1,902	+1.4%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 935万円

Change · 8 yrs +144万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	791	n/a	Parent
FYE Mar 2020	792	+0.1%	Parent
FYE Mar 2021	796	+0.5%	Parent
FYE Mar 2022	806	+1.3%	Parent
FYE Mar 2023	815	+1.1%	Parent
FYE Mar 2024	784	−3.9%	Parent
FYE Mar 2025	919	+17.3%	Parent
FYE Mar 2026	935	+1.7%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 41.8years

Change · 8 yrs +1.0 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	40.8	n/a	Parent
FYE Mar 2020	41.0	+0.5%	Parent
FYE Mar 2021	41.0	−0.0%	Parent
FYE Mar 2022	41.2	+0.5%	Parent
FYE Mar 2023	41.4	+0.5%	Parent
FYE Mar 2024	41.5	+0.2%	Parent
FYE Mar 2025	41.4	−0.2%	Parent
FYE Mar 2026	41.8	+1.0%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 17.4years

Change · 8 yrs −0.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	17.5	n/a	Parent
FYE Mar 2020	17.8	+1.7%	Parent
FYE Mar 2021	17.3	−2.8%	Parent
FYE Mar 2022	17.4	+0.6%	Parent
FYE Mar 2023	17.5	+0.6%	Parent
FYE Mar 2024	17.4	−0.6%	Parent
FYE Mar 2025	17.2	−1.1%	Parent
FYE Mar 2026	17.4	+1.2%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥74.0m

Change · 10 yrs +¥21.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	52.0	n/a	Cons.
FYE Mar 2018	52.6	+1.1%	Cons.
FYE Mar 2019	58.8	+11.7%	Cons.
FYE Mar 2020	57.6	−2.1%	Cons.
FYE Mar 2021	59.2	+2.8%	Cons.
FYE Mar 2022	64.7	n/a	Cons.
FYE Mar 2023	66.0	+1.9%	Cons.
FYE Mar 2024	67.0	+1.6%	Cons.
FYE Mar 2025	71.4	+6.6%	Cons.
FYE Mar 2026	74.0	+3.5%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥15.4m

Change · 10 yrs +¥7.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	8.1	n/a	Cons.
FYE Mar 2018	8.9	+10.0%	Cons.
FYE Mar 2019	10.6	+19.4%	Cons.
FYE Mar 2020	10.7	+1.1%	Cons.
FYE Mar 2021	13.2	+23.5%	Cons.
FYE Mar 2022	15.5	n/a	Cons.
FYE Mar 2023	13.7	−11.3%	Cons.
FYE Mar 2024	15.0	+9.5%	Cons.
FYE Mar 2025	15.8	+5.0%	Cons.
FYE Mar 2026	15.4	−2.7%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Nippon Shinyaku’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/4516/company.json ·/api/4516/history.json ·/api/4516/ceo.json ·/api/4516/financials.json ·/api/4516/financials/segment.json ·/api/4516/financials/pl.json ·/api/4516/financials/cf.json ·/api/4516/financials/bs.json ·/api/4516/financials/employee.json ·/api/4516/financials/stock.json ·/api/4516/financials.csv ·/api/4516/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json